BTC/USD (Testing 20W Moving Average)

💎Technical Analysis Summary💎


BTC/USD

-Bitcoin is now testing the weekly mid-resistance area
-We can see the price is reacting to this zone
-The 20W Moving Average also a confluence in this level, this may act resistance
-But if the Bulls can sustain the 41k-43k trading zone for the next 5-10 days
-I think we will have a higher chance to break above this resistance
-On the other hand, BTC Dominance bounces up from the 46 level support
-It is currently testing the mid resistance at 47 level
-Please be cautious a little because if this Dominance increase up to 48 level
-Altcoins will perform weakly or they may consolidate for a few days
-Good luck traders! and always follow your trading plan





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